Roppongi Cyberjaya is the first ‘micro-climate township’ in Malaysia.
A Malaysia My Second Home agency says the country is ideal as a retirement destination for Hong Kong nationals due to its excellent healthcare and cheap cost-of-living
Thousands more people are moving to Malaysia through the government’s second home scheme, new data shows.
In July 2014, the Malaysia My Second Home (MM2H) programme has attracted 26,063 participants since its launch in 2002, says MM2H agency, Aubella. At the end of 2013, the figure stood at 24,105 approvals.
Malaysia makes an ideal retirement location due to its healthcare service and low cost of living, says Aubella general manager Vincent Fong, who teamed up with Rainbow Credit Union, Hong Kong, to promote the Roppongi Cyberjaya project to 7,000 retirees.
The development offers investors and retirees a 10-year social visit visa and a freehold property in Cyberjaya for RM500,000 (US$168,000) for five years, the Bernama news agency reports.
Aubella General Manager Vincent Fong told the programme launch and agreement-signing ceremony that investors nearing retirement age could rent out their units.
We believe that retirement should be sustainable and stress-free. This joint venture is a sign of us constantly innovating our business model to meet the market needs. This is a step forward in MM2H offerings from Malaysia.
“In the long run, the net worth of the property will grow due to capital value appreciation,” he told the launch at the Malaysia Healthcare Travel Council (MHTC) office in Wan Chai.
Also present were Terry Liew, Director of Rainbow Credit Union, an international financial cooperative, and BND Global Development Chief Technology Officer, Seow Gim Shen, the project developer’s representative.
The eco-friendly development for sustainable living, aimed at senior citizens, families, students and expat workers. It takes its name from a district in Tokyo and is expected to be completed in 2019.
Roppongi Cyberjaya, near Kuala Lumpur, is the first ‘micro-climate township’ in Malaysia. The mixed-use project features residential, commercial, hotel, office, retail and educational elements, including the Cyberjaya campus for SEGI College Cyberjaya University College of Medical Sciences buildings and an international school. With an initial student population of 7,000, rising to 15,000-plus in the future, the education precinct will be a lively and bustling community.
An adjacent hospital means that residents can opt for managed healthcare services in their homes, with optional nurse call or integrated healthcare monitoring equipment.
“Roppongi will support a diverse population. Our civic facilities will complete the balance in lifestyle and convenience for all residents,” he adds.
By Adrian Bishop, Editor, OPP Connect
source: http://www.opp-connect.com / OPP Connect / Home> News> News By Region> World News> Asia / by Adrian Bishop, Editor / September 19th, 2014
